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Eagle Company Sells New and Used Motorcycles

Question 75

Multiple Choice

Eagle Company sells new and used motorcycles. Some of the motorcycles are held on consignment, including six consigned by Fine Cycles, Inc. While the Fine cycles are in Eagle's possession, title to them is held by


A) Eagle and Fine jointly.
B) Eagle only.
C) Eagle's creditors only.
D) Fine only.

Correct Answer:

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